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Feb 12, 2013
02/13
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that said, you know, one has to wonder about deficit and debt. how much the president is going to focus on that. to hear the house speaker say he doesn't think the president has the guts to do that, to challenge his own party on that, that was something. >> this is a very confident president. he is re-elect and feels the opponents are divided and the country is behind him. the question tonight is how much does he feel he has to compromise to get a deal? how much does he want a deal? how much does he think his legacy runs through a grand bargain with the republicans? i mean i would argue what he wants to make real investments in infrastructure and education and clean energy and manufacturing, which is he going to call for tonight, but if he wants to make them substantial he has to get the fiscal problem solved to free up revenue to do that and get some growth. we will find out a lot tonight. does he still want to demand concessions from the republicans? because he thinks he can do it again the way he did it in the debt ceiling deal? or does he thi
that said, you know, one has to wonder about deficit and debt. how much the president is going to focus on that. to hear the house speaker say he doesn't think the president has the guts to do that, to challenge his own party on that, that was something. >> this is a very confident president. he is re-elect and feels the opponents are divided and the country is behind him. the question tonight is how much does he feel he has to compromise to get a deal? how much does he want a deal? how...
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Jan 14, 2013
01/13
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we just looked at some of the president's numbers op deficit reduction. we'll talk about his news cop france today on that topic and the debt ceiling with the fox all-stars when we come back. [ ship horn blows ] no, no, no! stop! humans. one day we're coming up with the theory of relativity, the next... not so much. but that's okay -- you're covered with great ideas like optional better car replacement from liberty mutual insurance. total your car and we give you the money to buy one a model year newer. learn about it at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? >>> the issue here is whether or not america pays its bills. we are not a deadbeat nation. if congressial republicans refuse to pay america's bills op time, social security checks and veteran benefits will be delayed. we might not be able to pay our troops, or honor contracts with the small business owners. food inspeckors, air traffic controllers. specialist wos track down loose nuclear teles wouldn't get their paychecks. invesors around the world will ask i
we just looked at some of the president's numbers op deficit reduction. we'll talk about his news cop france today on that topic and the debt ceiling with the fox all-stars when we come back. [ ship horn blows ] no, no, no! stop! humans. one day we're coming up with the theory of relativity, the next... not so much. but that's okay -- you're covered with great ideas like optional better car replacement from liberty mutual insurance. total your car and we give you the money to buy one a model...
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Feb 19, 2013
02/13
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to reduce the deficits without harming our economy. but congress has to act. >> republican leaders say they haven't been contacted by the president since the inaugural. >> the republicans had plans to avoid sequester and at the time the president responded threatening a veto. >> some in congress trying to undo the automatic spending cuts. my message is simple. no. i will veto any effort to get rid of the automatic spending cuts, domestic spending. >> spokesman jay carney said the problem is the republicans wanted a plan that would not balance with spending cut an tax increases. >> we do not support undoing the sequester in a way that says you know what? we will throw double the number of kids out of head start and make tunnel the cuts to education. >> speaspeaker john boehner fird back saying last month the president got the higher taxes on the wealthy and is back for more. the american people understand revenue debate is closed. close the loophole and carve out attack code but it should be used to lower rate across the board. enter th
to reduce the deficits without harming our economy. but congress has to act. >> republican leaders say they haven't been contacted by the president since the inaugural. >> the republicans had plans to avoid sequester and at the time the president responded threatening a veto. >> some in congress trying to undo the automatic spending cuts. my message is simple. no. i will veto any effort to get rid of the automatic spending cuts, domestic spending. >> spokesman jay carney...
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Apr 10, 2013
04/13
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it is for deficit reduction and job creation. republican senator rubio calls it a blueprint for a recession. ed henry has more on the president's hopes to bridge the gap with a grand bargain. >> president obama declared in the rose garden that he can have it all. more tax increases and spending increases on his priorities. >> reduce our deficits at all cost making the investments necessary to grow our economy. this budget answers that argument because we can do both. >> yet the top republican on the senate budget committee jeff sessions quickly noted deficits shrink in the short term but the president's budget wouldad trillion in long-term debt. and so the president planned to include a cut to social security benefits to woo republicans did little to win speaker boehner's heart. >> he deserves credit are for incremental entitlement reformings. i would hope that he would not hold hostage modest reforms for his demand for a bigger tax hikes. >> the white house aides note that the social security is designed to move over rank and fi
it is for deficit reduction and job creation. republican senator rubio calls it a blueprint for a recession. ed henry has more on the president's hopes to bridge the gap with a grand bargain. >> president obama declared in the rose garden that he can have it all. more tax increases and spending increases on his priorities. >> reduce our deficits at all cost making the investments necessary to grow our economy. this budget answers that argument because we can do both. >> yet...
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Feb 26, 2013
02/13
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he is not interested in debt or cutting or deficit. he wants to spend because he wants expanded state. that is what this is about. >> bret: a.b., breaking politics. harry reid filed cloture vote on democratic plan to replace sequester. this is the plan that came out of committee. it has not been voted on, on the floor. this means they need 60 votes to move past that hurdle to get a simple majority. to vote on the democratic plan. he is allowing the republicans to move forward with their plan, which is the inhof-toomey, one of the options they will move forward. they have to get 60 vote threshold. that will all come together tomorrow. >> well, i am told by both side they don't think the bill will pass. >> bret: 60 votes. >> so it is not going to be -- it helps, because both sides need to place blame in advance of the equester -- sequester coming online. both sides are complicit. but president obama if there is any economic slide president obama will be accountable for. that he can blame republicans all he wants but if we start to feel s
he is not interested in debt or cutting or deficit. he wants to spend because he wants expanded state. that is what this is about. >> bret: a.b., breaking politics. harry reid filed cloture vote on democratic plan to replace sequester. this is the plan that came out of committee. it has not been voted on, on the floor. this means they need 60 votes to move past that hurdle to get a simple majority. to vote on the democratic plan. he is allowing the republicans to move forward with their...
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Mar 11, 2013
03/13
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but the nonpartisan deficit hawks says the president's action left medicare in worst shape. >> it didn't bring down the cost of medicare, which means there is still a lot more savings that has to be done and we used the savings to offset the cost of new federal healthcare spending. >> democrats, however, note that ripe would keep the cuts to medicare. >> paul ryan announced the other day he is going to include the savings in his budget. savings that he campaigned actively against. >> again, though, ryan would leave all that money in medicare. on the heels of ryan, the senate is about to propose its own budget for the first time in four years. president obama has delayed his budget until april. overall, ryan's budget would not cut federal spending but would reduce the rate of increase. mr. obama's plan calls for $36 trillion more in spending in the next decade. ryan would reduce that to $41 trillion instead. one of his cuts would be $134 billion to the food stamp program. new government figures show it's grown to all-time high with 47 million recipients in tess. ryan argued his cuts would
but the nonpartisan deficit hawks says the president's action left medicare in worst shape. >> it didn't bring down the cost of medicare, which means there is still a lot more savings that has to be done and we used the savings to offset the cost of new federal healthcare spending. >> democrats, however, note that ripe would keep the cuts to medicare. >> paul ryan announced the other day he is going to include the savings in his budget. savings that he campaigned actively...
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Feb 5, 2013
02/13
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under current law the deficit will shrink in 2013. as an estimated $845 billion, the deficit, the first in five years below $1 trillion. >> the cbo projects deficits to decline from $845 billion to year to as low as 430 billion in 2015 but then 978 billion a year by 2023. >> in 2014 or 15 the deficit will come down. there's a tax increase we just passed. that combines to produce a smaller deficit. >> though the president has not submitted his budget, the cbo projects the next ten years u.s. debt will increase $10 trillion from a little more than 16 trillion-dollar now to more than $26 trillion in 2023. >> you can't raise enough tax to say pay for this problem. you won't grow fast enough to get rid of this problem. you ultimately have to deal with spending. >> after 2023, the debt begins to soar. >> after that it's going to grow and reach the trillion and go beyond the trillion. so at no point in the foreseeable future is the deficit going to come down to manageable level. >> noting repeatedly high debts are bad and dangerous as he put
under current law the deficit will shrink in 2013. as an estimated $845 billion, the deficit, the first in five years below $1 trillion. >> the cbo projects deficits to decline from $845 billion to year to as low as 430 billion in 2015 but then 978 billion a year by 2023. >> in 2014 or 15 the deficit will come down. there's a tax increase we just passed. that combines to produce a smaller deficit. >> though the president has not submitted his budget, the cbo projects the next...
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Feb 11, 2013
02/13
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>> bret: so, ed, what are we hearing if the president will tack the deficit in the speech? >> interesting, because today jay carney said he does believe there is a spending problem in washington. he seems to disagree with nancy pelosi a little bit. carney went on to say he believes the problem is with spending on healthcare. so something the president tried to tack with the affordable care act and carney went on to say the president doesn't believe the government is too big now. when you compare it to historic levels, sign he is not going all in on the deficit tomorrow night. he is going all in on new investments. >> bret: okay. ed henry live on the north lawn. thank you. you can see the president's speech along with the republican response on fox news channel tuesday starting at 8:55:00 p.m. eastern. and to share your thoughts and opinions on tuesday's address, you can take part in something new. in the bing pulse at bing.com/politics. fox news is partnering with bing to get a pulse of what viewers think of the "state of the union" address. you can log on. go to page right
>> bret: so, ed, what are we hearing if the president will tack the deficit in the speech? >> interesting, because today jay carney said he does believe there is a spending problem in washington. he seems to disagree with nancy pelosi a little bit. carney went on to say he believes the problem is with spending on healthcare. so something the president tried to tack with the affordable care act and carney went on to say the president doesn't believe the government is too big now....
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Feb 1, 2013
02/13
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. >> we have massive deficit, big tax increase. no apparent willingness to get government off people's backs by reducing government spending. all of that is a heavy weight on the private sector. firms around the nation are sitting on their cash instead of creating jobs. >> on wednesday, the commerce department announced economic growth fell to a minus tenth of a percent, the last three months of last year. so the chairman of the president's council of economic advisors says other indicators remain positive. >> consumer spending increased. business investment; particularly, for equipment and software was strong. residential construction was strong. we are seeing signs of that in the jobs report. >> it also showed a larger number of people dropped out of the labor force than found jobs. former administration economist says some of that is to be expected. >> the population is aging, so we expect to have a fair number of people retiring every month for the next ten years or more as the baby boom is retiring. >> actually, the conference
. >> we have massive deficit, big tax increase. no apparent willingness to get government off people's backs by reducing government spending. all of that is a heavy weight on the private sector. firms around the nation are sitting on their cash instead of creating jobs. >> on wednesday, the commerce department announced economic growth fell to a minus tenth of a percent, the last three months of last year. so the chairman of the president's council of economic advisors says other...
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Feb 14, 2013
02/13
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trillion dollars a year in deficit. we created already with under obama, the biggest entitlement in 50 years. now he wants to create a new entitlement for preschool for every 4-year-old in the country. the worst part of this, this isn't just any new entitlement. this is an entitlement that we know the $7 billion a year that we spend on head start, doesn't make any difference after the third grade. there is a study that h.h.s. has done that shows that. it's failure and he wants to double down to make it universal. thats probably a definition of a liberal. >> bret: now, cursen he cites study after -- kirsten, he cites study after study showing childhood early learning the better they do down the road. conservatives point to other studies that it doesn't have ra benefit by the time they read third grade. >> it's not liberal or conservative thing. i think everybody wants to help the children do better in school. it's just this doesn't seem to be the thing that is doing it. as charles mentioned, the h.h.s. study. you know, y
trillion dollars a year in deficit. we created already with under obama, the biggest entitlement in 50 years. now he wants to create a new entitlement for preschool for every 4-year-old in the country. the worst part of this, this isn't just any new entitlement. this is an entitlement that we know the $7 billion a year that we spend on head start, doesn't make any difference after the third grade. there is a study that h.h.s. has done that shows that. it's failure and he wants to double down to...
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Jan 15, 2013
01/13
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in the abbe sense of medium term deficit reduction plan consistent with sustaining the economic recovery and restoring confidence in the long run, sustainability of the u.s. publicbe finances the current negative outlook on triple-a rating is likely to be resolved with a downgrade later this year. even if another debt ceiling crisis is averted. steve? >> of course it is. we are added to the debt at unprecedented pace. of course, the agencies that exist to provide ratings on our debt are going to tell us that we will be downgraded. you have to have a discussion in the broader context. this is why the things are different when you talk about $17 billion in this particular mulvaney amendment. it is not a ton of number. in the context of $1.2 trillion debt. but you to have the discussions about the $17 billion. it's not out of line to suggest that a 1.6%be off-set is reasonable. >> bret: i will say one thing aboutbe the debt ceiling debate quickly. president obama yesterday and then jay carney back in 2011 two different takes but the same message. >> congressional republicans refuse to pay a
in the abbe sense of medium term deficit reduction plan consistent with sustaining the economic recovery and restoring confidence in the long run, sustainability of the u.s. publicbe finances the current negative outlook on triple-a rating is likely to be resolved with a downgrade later this year. even if another debt ceiling crisis is averted. steve? >> of course it is. we are added to the debt at unprecedented pace. of course, the agencies that exist to provide ratings on our debt are...
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Jan 20, 2013
01/13
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. >> the debt ceiling was raised in august the political fight in the spot lighted on the deficit and debt problems less s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term and now he is stepping down. president obama's pick to replace him is jack lew, who has established a close relationship with the president. lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country's long term fiscal problems. >> this is a president that is forced to grapple with the budget woes, with the economy that cannot get over the hump. it will consume most of his time, i believe, in the second term. >> what he cannot do going into the term is go from economic crisis to economic crisis. that is not leadership. he has to figure out how to address this in ay way. our health care reform cannot
. >> the debt ceiling was raised in august the political fight in the spot lighted on the deficit and debt problems less s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term and now he is stepping down. president obama's pick to replace him is jack lew, who has established a close relationship with the president. lew is not is chummy with republicans on the hill after the debt ceiling negotiation...
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Feb 15, 2013
02/13
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democrats, actually, because for after going really years without doing anything serious on debt and deficits they offed a proposal this week. to set aside sequester. now a terrible proposal on merits but nice to have them back in game engaging in exchange of ideas to make the policy proposal. the loser in my view was the mainstream media this week. national media. you had obsession with the the cruise ship. hours -- >> bret: we are on there. >> i didn't include fox. >> very fair. >> hours of obsessing about marco rubio's water. same time the media in tone and substance basically siding with administration that decided they are going to withhold information from reporters. new moment in recent journalistic history. not a good turn. >> okay. panel, thank you. that is it for panel. stay tuned to see the latest internet video dance craze going viral. look what mommy is having. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. a hybrid? most are daily vjust no
democrats, actually, because for after going really years without doing anything serious on debt and deficits they offed a proposal this week. to set aside sequester. now a terrible proposal on merits but nice to have them back in game engaging in exchange of ideas to make the policy proposal. the loser in my view was the mainstream media this week. national media. you had obsession with the the cruise ship. hours -- >> bret: we are on there. >> i didn't include fox. >> very...